Energy has been universally recognized as one of the most important inputs for economic growth and human development. India is in the midst of a profound transformation that is moving the country to centre stage in many areas of global interaction. India’s energy sector has grown tremendously in recent years. Further economic and population growth, allied to structural trends such as urbanisation and the nature of the envisioned industrialisation, point unmistakeably to a trend of continued rapid expansion in demand for energy. In this scenario the energy committee has a vital role to facilitate U.S. – India collaboration across the energy sector. We believe this sector has strong potential for new growth and investment that could contribute to the economic prosperity of both countries.
• Energy Storage (includes electric mobility, renewables, micro grids)
Energy storage is one of the most crucial and critical components of India’s energy strategy and also for supporting its sustained thrust in renewables. The working group for energy storage applications will cover areas such as integration of renewable energy with distribution and transmission grids, energy storage (battery) for electric mobility and setting up of micro grids with diversified loads or stand-alone systems.
• Oil, Gas & Petrochemicals (includes biofuels)
India is the third largest consumer of energy in the world and its chemical industry is the third largest in Asia and sixth largest globally. The working group for oil, gas & petrochemicals will cover areas such as exploration and production, pipelines, LNG, refining and petrochemicals and biofuels.
• Providers of Products and Services to the Energy Sector
Energy consumption of India in the past decade has increased at a compound annual growth rate of more than 5% and is expected to grow at almost 4% annually in the future. Providers of various products to the growing energy sector and services such as EPC, digital transformation etc. will constitute this working group.
Honorary USG Chairperson:
Ms. Aileen Nandi
Minister Counselor for Commercial Affairs
Ms. Preetha Nair
Head – Asia
True North Venture Partners
Mr. Chirag Baijal
Chairman & Managing Director
Carrier Airconditioning and Refrigeration Limited
Mr. Amitabh Kumar